Tennessee Unemployment Rate Holds Steady at Historic Low, New Data Shows – Nashville-Davidson, Tennessee

Nashville-Davidson, Tennessee 2022-05-20 01:06:31 –

New data released by the Tennessee Department of Labor Development (TDLWD) show that the unemployment rate across the state remained at historically low levels in April.Record low rate The 3.2% set in March was stable until April. according to In the department.

Total unemployment Nation According to the latest data from the US Bureau of Labor Statistics, it was flat at 3.6% in April as well. The number of unemployed people nationwide in April was 5.9 million. A year ago, the national unemployment rate was 6 percent.

The April 2022 tax rate in Tennessee is 1.6 percentage points lower than it was a year ago. In April 2020, Tennessee’s unemployment rate reached a record high of 15.9%. Two years later, TDLWD says it is 12.7 percentage points lower than the peak of pandemic-related business closures.

According to the ministry, the number of Tennessees in the workforce also hit a record high in April. Throughout the state, seasonally adjusted private workforce increased from a total of 3,370,646 in March to 3,388,426. The number of Tennessees employed was 3,278,825, compared to 3,261,628 last month.

data Shows that state-wide employers added 7,700 non-farm payrolls between March and April. In the leisure and hospitality sector, the number of new positions was the highest. Employment in the professional and business services sector increased next, followed by the mining, logging and construction sectors.

Over the last 12 months, state employers have added 145,600 non-farm payrolls. The data is further shown. The leisure and hospitality sector produced the largest proportion of these jobs, followed by the trade, transportation, utilities sector, and the professional and business services sector.

According to TDLWD, Tennessee will release county unemployment data for April 2022 on Thursday, May 26, 2022.

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Kaitlin Housler Tennessee Star When Star News Network..

Tennessee Unemployment Rate Holds Steady at Historic Low, New Data Shows Source link Tennessee Unemployment Rate Holds Steady at Historic Low, New Data Shows

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